U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 200 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.49% to 49,515.22 while the NASDAQ gained 0.13% to 26,121.77
The S&P 500 also fell, dropping, 0.13% to 7,391.19. Leading and Lagging Sectors Information technology shares jumped by 0.4% on Wednesday. In trading on Wednesday, utilities stocks fell by 1.7%.
Top Headline U.S. producer prices rose 1.4% month-over-month in April, recording the biggest gain since March 2022, compared to a revised 0.7% rise in March and higher than market estimates of 0.5%. Equities Trading UP – Quantum Cyber N.V. (NASDAQ:QUCY) shares shot up 87% to $0.60. Quantum Cyber executed IP license agreement with BP United for its drone technology portfolio. – Shares of Fitness Champs Holdings Limited (NASDAQ:FCHL) got a boost, surging 45% to $1.9350. – Oriental Culture Holding LTD (NASDAQ:OCG) shares were also up, gaining 37% to $2.5500.